Fed Govt Secures $72m For States On Land Development         The Federal Government has secured $2m each for the 36 states of the federation to develop their land information system through a World Bank funded programme. Minister of Science and Technology, Ogbonaya Onu, disclosed this in Abuja...

Nigeria Needs $3trn To Bridge Infrastructure Gap – Report       Global credit rating agency, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3tn needed over 30 years to close the gap. This was disclosed in the agency’s...

Afreximbank Grows Assets To $19bn       African Export-Import Bank (Afreximbank) grew its total assets to $19.33 billion as at 30 September 2020, up 34% from $14.44 billion as at the end of last year. This was contained in the bank’s unaudited financial statements released on Monday with...

$37.6m Audit Funds: Reps Move To Sanction DG Budget Office         The Public Accounts Committee of the House of Representatives Thursday resolved to pursue sanctions against the Director-General of the Budget office, Dr. Ben Akabueze. The Committee led by Rep. Wole Oke(PDP-Osun) made the decision, after adopting...

COVID-19: Rivers Misses Out As FG Disburses N66.5bn To States       The Federal Government on Wednesday announced the disbursement of N66.5bn ($175m) to 35 eligible states on the basis of the Amended COVID-19 Responsive 2020 Budget results achievement. According to the government, Rivers State was the only...

House Decries N200bn Unclaimed Dividends         The House of Representatives has expressed concerns over a projection that unclaimed dividends will hit N200bn or more by the end of 2020. According to the House, this is not a good picture of the state of the capital market and...